Swiss newspaper: SNB is targeting a new exchange floor

Market news

2 February 2015

Swiss newspaper: SNB is targeting a new exchange floor

Swiss newspaper Schweiz am Sonntag reported over the weekend that the Swiss National Bank (SNB) was unofficially targeting a new exchange floor for the Swiss franc against the euro.

The newspaper said that the SNB's next exchange floor might be CHF1.0500 to CHF1.1000 per euro.

The SNB declined to comment.

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